D. (1) For each of the next four years, forecast the following items: sales, cash, accounts receivable, inventories, net fixed assets, accounts payable & accruals, operating costs (excluding depreciation), depreciation, and earnings before interest and taxes (EBIT).

C. Use the following assumptions to answer the questions below: {1) Operating ratios remain unchanged. [2) Sales will grow by 11.1%. 8%. 5%. and 5% for the next four years. [3] The target weighted average cost of capital [WAGE] is 10%. [4-] Rate on all debt is 8%. {5] Dividends will grow at the same rate as sales. Scenalio: No Change Actual Forecast Inputs 2021 2022 2023 2024- 2025 Sales growth rate: 11% 8% 5 % 5 % (Op. costs\" Sales: 90.00% DeprJFA 1 0. 00% Cash] Sales: 1.00% (Acct. rec. ]/ Sales 14. 00% Inv./ Sales: 1 6. 00% FA} Sales: 40. 00% [AP 81 acct.\" Sales: 18.00% Tax rate: 25'. 00% Rate on all debt 8. 00% Div. growth rate: 5.00% Target WACC 1 0. 00% D. [1) For each of the next four years. forecast the following items: sales. cash. accounts receivable. inventories. net xed assets. accounts payable 8: accruals. operating costs [excluding depreciation]. depreciation. and earnings before interest and taxes [EBIT]. Scenalio: No Change Forecast 2022 2023 2024- 2025 Net sales $9,000.53 0p. costs (excl. depr.) $8,100.53 Depreciation $60.0 EBIT $540.0 Cash $90.0 Accounts receivable 31260.0 Inventories 31,4400 ____11[%I_95__ _________________________________________________ E39295? __________________________________________________________________________________________________________________________________________________________ Accts. pay. 81 accruals $1,620.0